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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE FEBRUARY 23, 2021
Tuesday, February 23, 2021 | 08:02am
NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 7.25 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 3.25 percent as published by the Federal Reserve on February 22, 2021.
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News
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News
COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE JANUARY 12, 2021
Tuesday, January 12, 2021 | 08:11am
NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 7.25 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 3.25 percent as published by the Federal Reserve on January 11, 2021.
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